If You Like Your Trillion Dollar Bailouts, You Can Keep Your Trillion Dollar Bailouts

WASHINGTON — The White House is offering more money to insurance companies as an incentive for them to let people keep insurance policies that were to have been canceled next year.

The administration floated several proposals on Monday to “help offset the loss in premium revenue and profit” that it said might occur if insurers went along with President Obama’s request to reinstate canceled policies.

Insurers Are Offered Assistance for Losses – NYTimes.com

That is so thoughtful of Obama to illegally offer money which he confiscated from the citizenry, to private companies.

About stevengoddard

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7 Responses to If You Like Your Trillion Dollar Bailouts, You Can Keep Your Trillion Dollar Bailouts

  1. Eric Simpson says:

    Obamba’s approval of course has been in a nose dive, but little noticed is also the reports this week on the Generic Congressional Ballot which shows Republicans with dramatic gains like Rasmussen with R+5 when four weeks ago it was the Dems +6. Look at the swing in the graphic at this link: http://www.realclearpolitics.com/epolls/other/generic_congressional_vote-2170.html

    • Mike D says:

      Don’t count the gullible electorate out yet. There was that media driven blip for Democrats in October/November, when almost no one was even personally affected by the government shut down.

  2. Gamecock says:

    Who needs actuarial tables when you have a money printing press?

    healthcare.gov, which our fine young president says “is working,” does not have a payment system. Obama rolled it out Oct. 1, anyway. Astounding.

    Even if it worked, what was supposed to happen is that an insurance customer would log in, shop for plans, enter personal finance data, then get a system calculated subsidy to help them purchase a plan. The customer will make partial payment to the insurance company, while duh government will pay the remainder, the subsidy. So, people with credit ratings of 500 will make monthly payments. The federal government, which owes $17,000,000,000,000, will also make monthly payments, for millions of specific customers.

    What could go wrong? What are insurance companies supposed to do if either half-a$$ed party misses a payment? I know if I don’t make my insurance payments, my policies are cancelled. If an Obamacare customer fails to make their payment, does the IRS also get involved?

    I’m suspicious that Obama’s decision to pay insurance companies all the money, including the customers’ portion, then sort it out later, comes from the realization that this mess was never going to work, anyway. This additionally creates the possibility that Obamacare insurance will indeed be free, paid entirely by Obama. From his stash.

    Obamacare . . . wrong on so many levels.

    • David A says:

      Yes, it also could encourage many to sign up as in; ” Oh dude, the government will pay if you don’t, and give you a free phone to!”

  3. LOL in Oregon says:

    He’s gots lots of moola to hand out!
    He has stopped wasting time/money on
        Iran, N.Korea, Syria, Egypt, China, Europe, UK, Canada, Mexico….
    and none of them will drop a dirty bomb on us until after he’s gone in 2016!
       “Mañana Mañana! No problemo! (I’ll be gone) Mañana!”

  4. Mike D says:

    What this does is prevent the huge spike in premiums that is the normal result. It was also a requirement to entice the insurance companies to participate in the exchange in the first place. Without this backstop, I think some states would have had no willing insurers at all. However, like everything in this program, it is only there for a limited number of years. Which leaves the time bomb to be dealt with in the future.

  5. tom0mason says:

    Yet another step on the way to a BIG GOVERNMENT national health system. Your choice for health care will become a government mandate, the health insurance sector will be killed off by the poison of government money. MedicaidExtra anyone – the death panel awaits YOU.

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